Bitcoin Halving Finished: Top 5 Celebrity Reactions
Highlights
- The 2024 Bitcoin Halving concluded on Friday, April 19.
- The Bitcoin mining rewards have been lowered to 3.125 BTC from 6.25 BTC earlier.
- The event garnered a mixed reaction with most stakeholders offering a bullish outlook on Bitcoin's future.
The Bitcoin Halving event, a significant milestone in the crypto world, concluded on Friday, April 19. Moreover, now the BTC mining rewards have been reduced from 6.25 BTC to 3.125 BTC. This event garnered widespread attention from various industry figures, each offering their unique perspectives and reactions.
Top 5 Celeb Reactions To Bitcoin Halving
1. Hunter Horsley, CEO of Bitwise:
Hunter Horsley expressed gratitude towards the developers and miners who maintain and secure the Bitcoin network. In addition, He highlighted the $11 million net inflows into Bitwise Bitcoin ETF (BITB) during the week of the Halving. This showcases investor interest in the cryptocurrency. Moreover, Horsley emphasized his appreciation for the community of thinkers and builders contributing to Bitcoin’s journey.
2. Dan Held, Advisor at Trust Machine:
Dan Held reflected on his experiences during previous halving events and noted the increasing mainstream awareness of Bitcoin. From being unaware in 2012 to witnessing parties and lockdowns during subsequent Halvings, Held observed the evolution of Bitcoin’s recognition. Furthermore, he lauded BTC’s journey into the mainstream, with friends and family now acknowledging the significance of the Halving.
3. Peter Schiff, Renowned Economist:
Peter Schiff, known for his skepticism towards Bitcoin, sarcastically congratulated “Bitcoiners” on Halving. He questioned whether celebrations were in order and if they hosted any parties as he wasn’t invited to any. Furthermore, he noted that BTC holders would soon experience a ‘Halving’ of their net worth. Schiff’s comments reflected his ongoing critique of Bitcoin as an investment and store of value.
Also Read: Bitgert Coin’s Price Projections After Bitcoin Halving: What’s in Store?
4. Alessandro Ottaviani, Owner of Store of Bitcoin Podcast:
Alessandro Ottaviani celebrated the halving as a monumental occasion for Bitcoin. He highlighted Bitcoin’s increasing scarcity, positioning it as the hardest form of money in the world. In addition, Ottaviani emphasized the importance of scarce assets in storing value and advancing civilization.
He wrote, “With this halving, the supply of #Bitcoin per year will increase 0.85% per year, making Bitcoin the hardest form of money in the world.” Additionally, he spotlighted that Bitcoin is now scarcer than gold.
Ottaviani also shared bold predictions for Bitcoin’s future. This includes a price above $1 million and increased institutional adoption. In addition, he underscored that bears will not dominate the market as he expects a maximum 30% retracement in the Bitcoin price.
5. Caitlin Long, CEO and Founder of Custodia Bank:
Caitlin Long highlighted the historic scarcity of Bitcoin, emphasizing its significance in monetary history. In addition, she celebrated the Halving event as a unique moment, emphasizing the scarcity of Bitcoin compared to traditional forms of money.
She wrote, “NEVER IN HUMAN HISTORY has a good that people use as money been this scarce. Happy #bitcoin halving, peeps!” Long’s remarks underscored the growing recognition of Bitcoin’s role as a scarce and valuable asset.
Also Read: Ordinals Developer Releases Guide As Runes Go Live With Bitcoin Halving
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